Title: Basis of Presentation
Accounting Policies: Expenditures reported on this schedule are reported on the modified accrual basis of accounting. Such expenditures are
recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit-
Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: During the year ended June 30, 2023, the School did not elect to use the 10% de minimis indirect cost rate allowed under
the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of
the Achieve Language Academy, Charter School No. 4018, (the School), St. Paul, Minnesota. The School's reporting entity
is defined in Note 1A to the School’s financial statements. The information in this schedule is presented in accordance
with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards (Uniform Guidance). All federal awards received directly from
Federal agencies as well as Federal awards passed through other government agencies are included on the schedule.
Title: Pass-Through Entity Identifying Numbers
Accounting Policies: Expenditures reported on this schedule are reported on the modified accrual basis of accounting. Such expenditures are
recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit-
Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: During the year ended June 30, 2023, the School did not elect to use the 10% de minimis indirect cost rate allowed under
the Uniform Guidance.
Pass-through entity identifying numbers, if any, are presented where available.
Title: Subrecipients
Accounting Policies: Expenditures reported on this schedule are reported on the modified accrual basis of accounting. Such expenditures are
recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Non-Profit-
Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: During the year ended June 30, 2023, the School did not elect to use the 10% de minimis indirect cost rate allowed under
the Uniform Guidance.
No federal expenditures presented in this schedule were provided to subrecipients.